Flair pivots beyond pens; Nirmal Bang sees 39% upside to Rs 389
Brokerage reiterates Buy on Flair Writing Industries, betting on its shift from pens to branded consumer products—creative stationery, steel bottles and housewares targeting 50% revenue share in 2-3 years. Surat unit kicks off wooden pencils; Reynolds tie-up exit dents Q3FY26 revenue 2-3%.
Nirmal Bang reiterates Buy on Flair Writing with Rs 389 target (39% upside), citing pivot from pens to branded consumer products—creative stationery, steel bottles, housewares targeting 50% revenue share. Surat unit begins wooden pencils; no interest in acquiring Reynolds.